Federal Capital Partners

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    The company acquired a Minneapolis community, located in one of St. Paul’s most vibrant neighborhoods. The property was 45 percent pre-leased as of April.

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    The 75-unit 2001 East Apartments, which is located close to the Church Hill Historic District, traded for $9.7 million. Rents at the residential property, which also has two commercial suites, equate to an average of $1,177.

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  • Waiting for Wage Growth

    Employment figures for June show 361,000 more workers were in the labor force than in May. However, consistently mediocre wage growth in the 2- to 3-percent range could impact the multifamily industry if it persists.

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  • On the Market: 5 Interesting Listings for the Week of 3/27

    This week's listings feature a property located two miles from the Las Vegas Strip and a luxury community in the growing Augusta, Ga.

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